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JNUG

JNUG ready to rock? JNUG missed an opportunity for a bullish Exponential Moving Average cross up over the past couple weeks. Felt horrible for anyone (...uh...guilty) who bought in the late Jan/early Feb thinking that insane movement was THE start of another wild bull run like 2016. I've improved my average to $9.40 by buying in the $6's. Using the Fibonacci Extension Tool on the Dec 2016 swing low to the swing high, I see a very precise touch on the 0.236 Fib line on this deep retracement, and expect this to be as bad as it gets. It could touch it again (and again and again) as this crazy market (and especially miners, and especially leveraged ETF's) love to play head games with the little guy/girl to shake them out when the circumstances appear the most dire. Stay strong, be smart. Use those simple, powerful indicators to make your decisions. But don't be stubborn either. I like the indicators I've used here, and in a minute I'll post a different chart with another simple one you can use.
AMEX:JNUGLong
by SeekingDelta
1
Dollar / Yen ideaDXY here compared to USDJPY. Both will begin to make moves lower now and hopefully break through their resistance which will be bullish for PMs. If USDJPY can finally push down through 111.60 it would be a good indicator to go long on PMs, GDX, JNUG etc. The US Dollar will recover though and move up again to make its cyclical high probably to the 110 range but potentially higher, tough to say definitively at this point. I'll be playing long JNUG until USDJPY reaches the 100 range then will be long USD or switch to JDST. It could take potentially 18 months for the US Dollar to top out and when that happens Gold will begin a spectacular bull run as USDJPY and DXY start their reversal.
TVC:DXY
by graham.edwards84
1
Jnug to Gold Feb 24thSO I bet many people were wondering WTF is up with the price of JNUG if gold broke out the last two days. Well the answer is that the cycle for miners is coming to an end and there is usually a little pullback during the bullish times and a huge drop during the bearish times. *(look at miners from 11/14 to 12/08 and see what the price action did compared to spot gold which was tanking hard during that period. Miners does not always follow gold perfectly. But when it does correspond, we can get big moves like we had over the last two months) Since we are currently finishing a bullish impulse then we should continue to drop into next week. How much is the question. I put an extension on the 100DMA and 50 DMA to show where they should cross. I am hoping that price can drop to that location where they cross but at least think we could close that last gap just above it. The light green area is where I plan on selling my JDST and buying JNUG. There is always a pop in Jnug when the cycle starts. Just look at price when the cycle start on 1/27 and then again on 12/20. Evan during bearish times like on 11/14 we had a little pop. So I hoping for JNUG to fall to $8.75 range with an expected pop to $11.30. If price does not break through again then it appears it could chop sideways for a while. The black triangles below are approximate zones where I am predicting without much certainty, that spot gold DCL should occur. I am not totally sold that we completed a DCL for spot gold yet and it may start to drop down to a decent 50% retracement or 50DMA. I also have changed my spot gold opinion as of 2 days ago since gold has now finally broken through the zone I talked about. I will post the gold chart after this. So I am short miners for at least into next week.
AMEX:JNUGShort
by SalN
3
XAUUSD: Daily uptrend updateGold is rallying after breaking out of the strongest local resistance level (red box). There is a new uptrend continuation signal that got triggered yesterday, and I reentered longs on the breakout. Currently in profit, and looking to trail stops and add if viable. Keep an eye on the developments from here onwards, it becomes extremely interesting the higher we go. If you own physical gold, do pay attention now, since we approach a huge 'make or break' zone in the long term charts. The level outlined by the orange line here represents the strongest and most significant resistance in Gold, which if breached could signal a resumption of the long term advance in the yellow metal. See related ideas for more information. Good luck! Ivan Labrie.
FX:XAUUSDLong
by IvanLabrie
Jnug to Gold - Im not long yetI'll keep this short and sweet. Until spot gold break through that large green area that I put on this Spot gold chart, then it is still possible that we are in wave 4 and not in the start of the 2017 bull run. However, I am not so sure how low it could go being so so late in the cycle. I put up the possibility of a head and shoulders pattern that could develop. Also keep in mind that the Yen has also broken out of it downtrending channel last week. and it ;looks like it pushed up into a minor wave 1. So this gold push is consistant with a minor wave 2 for the Yen. I will post this chart and Jnug. If gold breaks above that green area then I will change my outlook to very bullish.
FX_IDC:XAUUSDShort
by SalN
#Gold Report by MacroView Research 2.13.17Since our macro bull call following a Fed rate hike, #gold is up 8.6 percent. Since our #TrendFlex alert on 1/13, XAUUSD up 2.55 percent. Gold finished strong last week as price action climbed higher and narrowly missing our R2 level of $1,248 – achieving a weekly high of $1,246.6. Despite the strong sentiment around global equities (primarily fueled by retail buying), gold is still outperforming the S&P 500 thus far into 2017. 1D z-score has eased from the beginning of last week, 1.58 v .84. This is healthy as traders take profits and digest the 2.8 percent gain in February (from last week’s high). Due to the modest technical positioning of gold and weekly z-score of .40, gold still remains attractive aside from the pure global political uncertainty. Trader net-positioning in gold futures – on a 5-year percentile – is still inching higher despite record levels in U.S. stock indexes. In our “175 days” analysis, we looked at the U.S. 2-year yield and its relationship to the 2015 and 2016 “tightening” cycles and gold prices. We show that in each cycle, the U.S. 2-year yield from trough-to-peak (December 2015 Fed rate hike) was 175 days. The 2-year yield then declined into 2016 for 175 days before the yield went from trough-to-peak (December 2016 Fed rate hike) which was exactly 175 days. MacroView believes that we could be seeing similarities in yield behavior as the U.S. 2-year yield has been weaker post-December rate hike. This is not concrete evidence that this yield won’t march higher, but it is a representation of market psychology. This is important as the U.S. 2-year yield is most closely tied into monetary policy thus tied into the dollar’s performance. A weaker 2-year yield generally equals a weaker currency thus boosting gold prices. Since the Fed hiked interest rates in December gold is up 9.1 percent (as of writing this report). It has also erased nearly 50 percent of losses, following bullish ramp in U.S. yields last June (incidentally exactly when hedge funds became the most net-long gold since 2011). On a technical perspective, if $1,226 support breaks that price action will likely test $1,215. Our key levels remain the same. Key Weekly S/R Levels S1: $1,209 S2: $1,189 R1: $1,226 R2: $1,248
COMEX:GC1!Long
by MacroView_TrendFlex
Gap fill on JNUG, TP 17-18.5The similarities to the move from last year is pretty recognizable. We consolidated around 7-8 and have moved up to 12. This year is a little higher than last year, but I see us in wave (3) of (5). Wave 5 should take us back to 17-18.5, filling the gap at 16.52 (highlighted by red arrow). I hesitate to say it will be exactly like last year, but so far, the price action in the same ranges has behaved similarly, so go with it until proven otherwise. Invalidate this idea if daily close below (2) (10.65)
AMEX:JNUGLong
by TradeUpCards
2